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Posted on Aug 02, 2024

yesterday, you entered into a futures contract to buy EUR 6 2 , 5 0 0 at USD / EUR 1 . 2 0 .

yesterday, you entered into a futures contract to buy EUR

62, 500

at USD

/

EUR

1.20 .

Your initial margin is USD

1, 500

and you are receiving a margin call for additional

funds to be posted at an exchange rate of USD

/

EUR

1.1920 .

What must be the

maintenance level?

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